The problem with this Zero Hedge "implied unemployment rate" chart that the wingers are screaming about as proof of a massive "Democrat Party scam" is the fact that Tyler Durden ran the numbers back for 30 years and it exists all the way back to the Reagan era, and it shows that the "real" unemployment rate under President Bill Clinton was actually under two percent. Slick Willie was such a monster that he lowballed his numbers every month for both of his two terms and spotted himself a 4.0% plus unemployment rate instead, and then George W. Bush came along and quadrupled it from 2 percent to 8percent.
Not only that, but the implied rate under St. Ronaldus was far worse than anything currently under the Obama administration, meaning that if we're measuring who the worst President in history is by the implied unemployment rate and by how far the numbers are "lying" then that particular crown goes to Reagan. His guys basically shaved 3.5 points off the unemployment rate for the entirety of his first term and still got him re-elected overwhelmingly in 1984. Of course, since that's the benchmark, it doesn't count.
You know, because President Obama is judged by a different standard for reasons that nobody on the right can seem to articulate...
Saturday, February 4, 2012
Chart Of Darkness
StupidiTags(tm):
Economic Stupidity,
GOP Stupidity,
Obama Derangement Syndrome
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